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Nairaland Forum / Nairaland / General / Politics / Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose (36118 Views)
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Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by freemanq(m): 10:22pm On Feb 11, 2021 |
why do we have this set of leaders in Nigeria many of them are so backward in their thinking all they do is to steal our money to enrich them selfs |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by NiceMen: 10:27pm On Feb 11, 2021 |
ichidodo:lol... Bros, once they enter, price will shoot up again... Visa will follow... 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Ikpeazukerosene: 10:28pm On Feb 11, 2021 |
Oluwaleinad14: It is very unfortunate. I bet you that he must have been kneeling down in private. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by dan56: 10:32pm On Feb 11, 2021 |
ichidodo:You didn't answer the question, just jumping from pillar to post. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by harjay1986: 10:34pm On Feb 11, 2021 |
ichidodo: I don tell you stop reasoning like a baby salt and gold are commodity, mastercard is just a company, crypto is commodity as well so why do you use internet because I will like you to tell me where it came from.. if you cant see something that doesnt meant it does not exist.. the same way some of una leader from the north give priority to crude oil, now rechargeable cars are now in town, they forget that in world market groundnut, cotton cocoa still make alot than crude oil, you reason for just now and you want the future to take care of it self, all other country are living today to make plan for the next 30 - 40 years 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Crayfish09: 10:37pm On Feb 11, 2021 |
psychologist: It depends on how you look at it. To me, the region that is the source of 100% of cyber crimes is in support, while the region not known for Yahoo is against it. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by oluwasegun007(m): 11:00pm On Feb 11, 2021 |
Na small small.... Their brothers na BDC dem. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Oluwaleinad14(m): 11:01pm On Feb 11, 2021 |
Ikpeazukerosene:. Swears bro,the picture was a like slave giving report to his king or master. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by AnanseK(m): 11:09pm On Feb 11, 2021 |
Ogbuu101: You don’t even know what cryptocurrency is but you like to make tribalistic comment on the thread. Perhaps because you know that financial crime is essentially southern. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by AnanseK(m): 11:12pm On Feb 11, 2021 |
seyz91: Cybercrime is 100% Southern. They are fighting to maintain it. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Bidi123: 11:28pm On Feb 11, 2021 |
Nothing good comes from the North, except pain, poverty, sufferings, bad president, bad senators and evil governors who have derived joy in the suffering of their people and Nigerians. Also, they impoverished their people including Nigerians to enriched themselves. The people who value cows more than humans and should choose the forest as their abode. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by joinnow: 11:46pm On Feb 11, 2021 |
bombomclat North. the best is to divide if the two cannot go together usa bank Elon Musk Paypal Mastercard don join in crypto while over here North is against it. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 12:01am On Feb 12, 2021 |
dan56:Which Questions? I resemble your papa Or Primary School teacher?.. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 12:06am On Feb 12, 2021 |
psychologist: That is the only solution to Nigeria's problem. The North and the South school of thought is not the same. That is why they are always NSA because of cheap security vote (money ), you find them in EFCC, NDLEA, NPA and other places of looting and easy money. They are mostly intellectually lazy and lousy. They monitor money laundering but contribute nothing to grow the economy. It is because of Igboho and ESN funding that Northerners are against Cryptocurrency. They are taking about the risks, what are about the opportunities. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 12:11am On Feb 12, 2021 |
NiceMen:Oga forget that thing... People wey make money for bitcoin don make am since waka dey go...Anybody that invest now in Bitcoin is OYO because the pandemic is winding down, The vaccines are going around, the global economy is rebounding (a sure fire sign is the high price of crude oil)..The next thing is a crash of bitcoin...Mark my words. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 12:13am On Feb 12, 2021 |
AnanseK: Yes! we are fighting to maintain it. Banks operations are now built on technology, our youths invest on technologies and global ideas that is why we drive the banking industries in Africa. Estimated $300 million weekly into the depressed Nigeria economy through Cryptocurrency by the South while the North steals our money through defence, security, NDLEA, NPA, Customs, NNPC. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 12:17am On Feb 12, 2021 |
AnanseK: What is the contribution of the North ? NDLEA, EFCC, Customs, NPA, Security, NNPC and any looting and stealing of Southern resources |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by eeetuk(m): 12:18am On Feb 12, 2021 |
“Senator Biodun Olujimi, apparently against the ban, noted that the youth have gained so much from the business of bitcoin, hence, advised the CBN and the government to iron out ways for cryptocurrency to work for the country while also taking step to prevent fraudulent people from gaining access.” I disagree with Senator Biodun Olujimi and all others who are opposed to banning cryptocurrency. J Joseph Stiglitz is a noble prize memorial winner in economic, and also a professor of economics at Columbia University, USA. Recently, he has called for a ban on cryptocurrency (Costello, 2017). His call for ban has been supported by other studies. For example, consumer value for the use of cryptocurrency has been widely studied by many economic scholars. Most of these studies are in favor of banning cryptocurrency. And their reasons for banning cryptocurrency include: Tax evasion ( Slattery, 2014) was a major concern. Money laundry (Bryans, 2014) another concern. Market volatility like behavior (Fry, 2018) presents risks for individuals’ investors and financial systems. When people recommended banning cryptocurrency to President Buhari, those concerns I listed above were at the forefront in their decision making. I know Nigeria and Nigerians are facing poor economic crisis now. So is the rest of world. However, allowing cryptocurrency in Nigeria will produce disastrous effects on Nigeria economy. Studies and studies have supported this conclusion. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 12:21am On Feb 12, 2021 |
Crayfish09: The region that is not known for cyber crimes contribute nothing to Nigeria. They are parasites to the region of cyber crimes. It is better each region go her separate ways. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Honchoslim16(m): 12:21am On Feb 12, 2021 |
RRodwave: Swears bro! 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Brushstrokes20: 12:35am On Feb 12, 2021 |
CSTRR:Spot on! |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 12:42am On Feb 12, 2021 |
eeetuk: Firstly, you cannot base your submission on what four individuals said between 2014 and 2018. There are over 26 Nobel Prize winners on Economics between the 90s till date and most of them are not against Cryptocurrency. Also, there are various business schools and School of Economics. We also have renowned economists all over the world. In Nigeria, we have Prof Soludo , Rewane and late Henry Boyo School of thought. The analysis of the risks and opportunities to the Nigerian economy is of the utmost importance. There are many financial institutions, payment platforms and exchanges that are using Cryptocurrency all over the world. When the Southern Youths are investing energy and resources to study Block Chain technologies and various digital economic theories and theorem, the North is looking for Security votes money, NNPC, NPA, NDLEA, Customs and other looting and stealing avenues contributing nothing to the Nigerian economy. We cannot afford to be left behind of the opportunities the Cryptocurrency presently offers. We can brainstorm on the risks and find ways of mitigating against them. Industrial estates are partially dead and Nigeria cannot run 24hours economy. We cannot afford not to participate in the Global Virtual Economy. We can model the challenges of the Cryptocurrency to our own advantage. This is the Idea of an Ideal Southern Youth just as Senator Olujimi supported them. 3 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 1:05am On Feb 12, 2021 |
Cholls:No any nation among Western or US have regulations over cryotocurrency |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by calcal: 1:53am On Feb 12, 2021 |
This another evidence that one Nigeria cannot work. Since 2009 individual has been printing money, those cows are still contemplating to do so. They want you to remain in poverty so that they can control you forever. SAY NO TO ONE NIGERIA I SORRY FOR THOSE GUYS THAT STILL BELIEVES IN ONE NIGERIA 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Godbless3(m): 2:12am On Feb 12, 2021 |
Are you surprise the northern senators support the ban? NO. Northerners are still in stone age who want to benefit in everything that belongs to 21st century but refuse to accept it as a way of life. Well, dunno how to trade with crypto but how does it affect price of cows and how is it against their holy religion, or how is it a blasphemy to their holy prophet this time? as that is their only problem. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by davien(m): 2:32am On Feb 12, 2021 |
Godbless3:It might actually be religiously motivated who knows, maybe one imam is seeing visions after inhaling so much cow dung. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by eeetuk(m): 2:45am On Feb 12, 2021 |
Babolofin: "The analysis of the risks and opportunities to the Nigerian economy is of the utmost importance. There are many financial institutions, payment platforms and exchanges that are using Cryptocurrency all over the world." I agree with you on the importance of figuring out risks and opportunities for the use of cryptocurrency. Good decision making is based on these two factors. I am supporting banning cryptocurrency for the reasons I listed in my write up. And I was hoping you would list some economic advantages in support for cryptocurrency, but you didn't. I have seen people supporting the idea of keeping cryptocurrency, but none has advanced argument for their position. So to you, Balaolofin, how would you or Nigeria benefit in keeping cryptocurrency in the market? I hang up and listen to you on the other side. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by solidmyk(m): 3:30am On Feb 12, 2021 |
North yii saa ni wahala |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Cholls(m): 3:33am On Feb 12, 2021 |
ichidodo:my brother I did not want to reply your comments, but I think after reading all your comments I now know your present state of mind. Bro! get over yourself and read between the lines... I don't agree with you! the gov don't care about the masses, they are only trying to save themselves... the government and CBN are just not proactive they are reactive... it is when they don't have ideas about the way forward then they ban up and down... the current set of financial tools are outdated... |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by orisa37: 3:38am On Feb 12, 2021 |
Show us what this currencu look like and it's equivalence to Naira, U.S Dollar and The Pound Sterling. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by orisa37: 3:42am On Feb 12, 2021 |
Show us what this currency look like and its equivalence to Naira, U.S Dollar and The Pound Sterling. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by orisa37: 3:48am On Feb 12, 2021 |
Tranquillity360: You can't buy Gari and/or Cow but you can buy Italian Cars. |
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